Bagging Machines Market - Forecasts from 2019 to 2024

Global bagging machines market is expected to grow at a compound annual growth rate of 3.53% to reach a market size of US$3.792 billion by 2024 from US$3.079 billion in 2018. Bagging Machines are equipment used for packaging of products in a bag. The growing food & beverage industry coupled with rising preference for packaged foods is expected to be a key factor driving the bagging machines market. Further the growing pharmaceutical industry is also anticipated to be a major contributor to the rising demand for bagging machines. Additionally, various technological advancements are projected to widen up the growth opportunity. Major industry driving the bagging machines market are Food and Beverage, pharmaceuticals, cosmetics and household among others. However, high cost associated with the equipment is expected to hamper the market growth. North America along with Asia-Pacific is expected to be a prominent region owing to the increasing food and beverage industry and growing preference towards packed food. Europe is also projected to be a prominent region during the forecast period.

Drivers

Growing food & beverage industry.

Technological advancements

Restraints

High setup cost

The major players profiled in the bagging machines market include Premier Tech Ltd., HASSIA-REDATRON GmbH, MONDIAL PACK S.r.l, Webster Griffin Ltd, STATEC BINDER GmbH, Imanpack Packaging and Eco Solutions S.p.A., WOLF Verpackungsmaschinen GmbH, Concetti S.p.A, PAYPER, S.A., Tokyo Automatic Machinery Works, Ltd., BW Flexible Systems (Barry-Wehmiller Companies), Nichrome Packaging Solutions, and Rennco, LLC.

Segmentation

The bagging machines market has been analyzed through the following segments:

By Machine Type

Horizontal Bagging Machines
Vertical Bagging Machines

By End-User

Food and Beverage
Pharmaceuticals
Cosmetics
Others

By Geography

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others